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Michael Saylor's Huge MicroStrategy Purchase Announced: Details
Yesterday, June 20, Michael Saylor took to Platform X to announce a recent massive purchase of MicroStrategy. The company acquired 11,931 BTC worth $786 million, with an average price per coin of $65,883. Currently, the company holds a total of 226,331 BTC, making it the largest corporate holder of Bitcoin. Funding for the purchase came from MicroStrategy's recent debt sale. Before that, the company announced that it had completed its $800 million convertible note offering. However, the acquisition, despite its enormous size, did not have much effect on the market, as it was mostly discounted after MicroStrategy increased its debt sale last week.
Team leader reveals unexpected SHIB game
In a recent post by According to Kusama, the full game will be licensed solely to the decentralized Shiba Inu team for use in Shibarium. Later, the mobile version could be improved by adding identifiable decentralized elements. The Shiba Inu leader hopes the game will provide value to the ecosystem's main tokens, SHIB, LEASH and BONE. Additionally, Kusama confirmed that revenue from in-app game purchases will incentivize SHIB and LEASH burns.
ADA: Good sign for potential bulls, 'rocket fuel' could be here: Report
A recent report from Santiment brought good news to the XRP and ADA communities. As indicated by the Santiment analysis team, these two popular altcoins are currently experiencing heavy short selling after recent price rebounds. This is actually a good sign for potential bulls, as this short selling can act as “rocket fuel” for continued price increases. At press time, .
This article was originally published on U.Today.
